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Title: What are cryptocurrencies secured by? Post by: Blockgraham on December 09, 2017, 08:38:12 AM Or is it just like a dollar?..
Title: Re: What are cryptocurrencies secured by? Post by: worldofcoins on December 09, 2017, 08:41:53 AM you could not do the research for this info without posting. It can be stored by you and it depends on much what you are talking about, most alt
coins have a client side wallet or we call it a coldwallet, which can be stored and secured by you only. You will have to do more research on how to secure currency of choice. The answer is out there if you seek. Title: Re: What are cryptocurrencies secured by? Post by: Blockgraham on December 17, 2017, 04:11:22 PM you could not do the research for this info without posting. It can be stored by you and it depends on much what you are talking about, most alt coins have a client side wallet or we call it a coldwallet, which can be stored and secured by you only. You will have to do more research on how to secure currency of choice. The answer is out there if you seek. I do understand how the value of cryptocurrencies is formed but I was looking for an explanation why e.g. BTC is safe. Almost nothing can happen to gold, so its value will always remain (we're not talking about conditions when it can loose its inner value, like shrinking of spheres of application). So what preserves BTC from a collapse? Since it has no inner value. Title: Re: What are cryptocurrencies secured by? Post by: albertorma on December 17, 2017, 04:24:10 PM Decentralization + cryptography
Title: Re: What are cryptocurrencies secured by? Post by: jackhdt on December 17, 2017, 04:38:58 PM you could not do the research for this info without posting. It can be stored by you and it depends on much what you are talking about, most alt coins have a client side wallet or we call it a coldwallet, which can be stored and secured by you only. You will have to do more research on how to secure currency of choice. The answer is out there if you seek. I do understand how the value of cryptocurrencies is formed but I was looking for an explanation why e.g. BTC is safe. Almost nothing can happen to gold, so its value will always remain (we're not talking about conditions when it can loose its inner value, like shrinking of spheres of application). So what preserves BTC from a collapse? Since it has no inner value. Limited supply and supply/demand rule The use of energy: currently blockchain uses large quantities of energy to ensure its security. Price factors appear here because it takes a certain amount of energy on average to ' mine' a Bitcoin. The value of the goods is determined by evaluating the cost of labor. bitcoin has value Exchange |